Filing Flows › Preformed Line Products (PLPC) › Q1 2026
Preformed Line Products (PLPC) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Preformed Line Products (PLPC) reported revenue of $176M for the first quarter 2026 (Q1 2026), +19% from a year earlier and +2% from the quarter before. Operating margin was 7.8%, net earnings $10.5M (6.0% of revenue).
Preformed Line Products, Q1 2026: revenue $176M (+19% year over year), operating margin 7.8%, net earnings $10.5M, operating cash flow $6.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $176M | +2% | +19% |
| Gross profit | $55.2M | +7% | +13% |
| Operating profit | $13.7M | +17% | +4% |
| Net earnings | $10.5M | +25% | -9% |
| Operating cash flow | $6.0M | -72% | +7% |
What changed
Revenue was $176.3M in Q1 2026, up 19% year over year and up 2% from the previous quarter. PLP-USA was the largest line at 53% of revenue. PLP-USA added $19.3M year over year (up 26%), 70% of the total change.
Gross margin was 31.3%, down 1.4 points from Q1 2025. Operating profit was $13.7M, a 7.8% margin (down 1.1 points year over year). Of the extra revenue versus Q1 2025, 2% reached operating profit, below the 9% margin then. Operating expenses grew 17% against revenue growth of 19%. The fastest-growing cost line was General & admin (+19%). Net earnings were $10.5M, down 9% year over year. The effective tax rate was 26.4%.
Operating cash flow was $6.0M (up 7% year over year), 57% of net earnings. Non-cash charges added back $6.2M of depreciation and amortization and $2.3M of share-based compensation. Working capital and other items used $13.0M. Capital expenditures of $10.0M exceeded it, leaving free cash flow of −$3.9M.
Questions
What was Preformed Line Products' revenue in the first quarter 2026?
Preformed Line Products (PLPC) reported revenue of $176M for the first quarter 2026 (Q1 2026), +19% from a year earlier and +2% from the quarter before.
Was Preformed Line Products profitable in the first quarter 2026?
Operating profit was $13.7M (7.8% of revenue) and net earnings $10.5M.